Wynnstay Group (LON:WYN) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Wynnstay Group Plc (LON:WYN)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 333.90 ($4.18) and traded as low as GBX 309 ($3.87). Wynnstay Group shares last traded at GBX 319.50 ($4.00), with a volume of 11,068 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on Wynnstay Group from GBX 520 ($6.51) to GBX 470 ($5.88) and set a “buy” rating on the stock in a research report on Friday, October 4th.

Wynnstay Group Price Performance

The stock has a market cap of £73.49 million, a price-to-earnings ratio of 1,278.00 and a beta of 0.58. The stock’s 50 day moving average price is GBX 311.04 and its two-hundred day moving average price is GBX 333.90. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 14.36.

Insiders Place Their Bets

In related news, insider Claire Wilams purchased 3,325 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of GBX 330 ($4.13) per share, with a total value of £10,972.50 ($13,729.35). 26.31% of the stock is owned by insiders.

About Wynnstay Group

Wynnstay Group Plc manufactures and supplies agricultural products in the United Kingdom. It operates through Agriculture and Specialist Agricultural Merchanting segments. The Agriculture segment offers feeds for farm livestock, feed raw materials for farmers and other manufacturers; seeds, fertiliser and agrochemicals; and grain marketing services.